Micron Technology (MU) Stock Surges 130% Led by AI Demand in 2026

AI Summary

Micron Technology, Inc. (MU) saw its stock increase by 130% since earlier this year, compared to NVIDIA (NVDA)'s 11% rise. The company's fiscal Q2 2026 revenue reportedly tripled year over year, with DRAM revenue growing by 207% and NAND revenue up by 169%. This shift indicates a critical change in demand dynamics, as data centers and cloud providers increasingly require advanced memory solutions for AI applications. The demand for high-bandwidth memory (HBM) is also driving Micron's growth, as the company begins volume shipments of HBM4 products, supporting NVIDIA’s latest GPU models.